Updated almost 6 years ago on . Most recent reply
Has anyone invested in post offices?
Hi, has anyone ever bought a post office before?
A friend of mine introduced me to the idea and it's seems like something to look into.
The USPS is a government entity that never wants to move and has a AAA credit rating. The rent may be a bit lower than market value, but the cash flow is going to be consistent.
The leases could be either triple net or modified gross. Returns may be lower, but lower maintenance.
This looks great on paper, but does anyone have experience actually buying them? They're as cheap as 100k and seems like a good introductory investment in a niche asset class.
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Not me personally, but I know a guy who owns most of the FBI buildings in the country. The only time he doesn't get paid is when there is a govt shutdown.
But he's a very wealthy person and said its been a great investment.